Sacramento Philharmonic & Opera Foundation
- Assets
- $1.1m
- Revenue
- $207.2k
- Investments
- $896.9k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 06/1967
- Data as of
- 06/2022
- EIN
- 94-6140932
Organization Overview
Sacramento Philharmonic & Opera Foundation is located in Sacramento, CA. The organization was established in 1967. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Philharmonic & Opera Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sacramento Philharmonic & Opera Foundation generated $207.2k in total revenue. All expenses for the organization totaled $34.0k during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRAMENTO PHILHARMONIC & OPERA FOUNDATION EXISTS TO BUILD, MANAGE, AND PROTECT AN ENDOWMENT TO BE USED EXCLUSIVELY TO PROVIDE OPERATING FUNDS AND SUPPORT TO SACRAMENTO REGION PERFORMING ARTS ALLIANCE INC. A RELATED NOT-FOR-PROFIT PUBLIC BENEFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shirey President | 0 | $0 | |
Sue Miller Secretary | 0 | $0 | |
David Motes Treasurer | 0 | $0 | |
Thomas Engel Director | 0 | $0 | |
Russell Godt Director | 0 | $0 | |
David Lindgren Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $217,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,666 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $956 |
| Total operating and administrative expenses | $14,019 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $34,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,035 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $801 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $896,887 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,142,723 |
| Accounts payable and accrued expenses | $130 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130 |
Grants Awarded
Over the last fiscal year, Sacramento Philharmonic & Opera Foundation has awarded $56,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SACRAMENTO REGION PERFORMING ARTS ALLIANCE PURPOSE: GRANT FOR ENDOWMENT FEASIBILTY STUDY | $12,000 |
SACRAMENTO REGION PERFORMING ARTS ALLIANCE PURPOSE: GRANT FOR ENDOWMENT FEASIBILTY STUDY | $12,000 |
SACRAMENTO REGION PERFORMING ARTS ALLIANCE PURPOSE: OPERATING GRANT TO SUPPORT SYMPHONIC MUSIC AND OPERA IN THE SACRAMENTO METROPOLITAN REGION | $20,000 |
SACRAMENTO REGION PERFORMING ARTS ALLIANCE PURPOSE: GRANT FOR ENDOWMENT FEASIBILTY STUDY | $12,000 |